Lathrup Village Real Estate
5 active listings · 46 sold in the past 12mo
$325,000
Median List Price
46
Sold (past 12mo)
60
Avg Days on Market
-8.9%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(5)
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For Sale
1/23
$359,000
27315 Lathrup Boulevard, Lathrup Village, MI 48076
3 bd2 ba2,964 sqft0.53 ac
Single Family
For Sale
1/57
$329,900
18175 Rainbow Drive, Lathrup Village, MI 48076
4 bd3 ba2,114 sqft0.36 ac
Single Family
For Sale
1/38
$325,000
18635 San Diego Boulevard, Lathrup Village, MI 48076
3 bd2 ba1,950 sqft0.36 ac
Single Family
For Sale
1/58
$264,900
19208 W 11 Mile Road, Lathrup Village, MI 48076
3 bd4 ba2,559 sqft
Condo
For Sale
1/12
$140,000
27430 Evergreen Road 36, Lathrup Village, MI 48076
2 bd2 ba1,150 sqft
Condo
Recently Sold(46)
Frequently Asked Questions about Lathrup Village
Are there homes available in Lathrup Village right now?
Lathrup Village currently has 5 homes listed for sale. The median asking price is $325,000.
How much do homes cost in Lathrup Village?
The median sale price in Lathrup Village is $325,000, based on 46 closed sales over the past 12 months.
How long do homes stay on the market in Lathrup Village?
Homes in Lathrup Village sell in an average of 60 days, based on 46 sales over the past 12 months.
What schools are in Lathrup Village?
Multiple school districts may serve Lathrup Village. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
What are market conditions like in Lathrup Village?
Lathrup Village is currently a seller's market, with 1.3 months of supply. That ratio comes from 5 active listings relative to 46 sales per year.
What are property taxes like in Lathrup Village?
Property taxes in Lathrup Village are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What does demographic data show about housing demand in Lathrup Village?
Based on Census Bureau ACS data, Lathrup Village shows a -8.9% Household Formation Gap. Despite household size decreasing from 2.35 to 2.56, the 0.7% population decline has reduced the overall number of households needing housing. This is a secondary demographic indicator, distinct from primary market measures.